Canada: Proxy Season 2018: ISS And Glass Lewis Issue Guidelines

Institutional Shareholder Services (ISS) and Glass Lewis (GL) have both updated their proxy voting guidelines for the 2018 proxy season. Key changes to the guidelines relate to director overboarding and gender diversity. The guidelines are generally stated to be applicable to meetings held in 2018, but the implementation of some changes (as set out below) is delayed until the 2019 proxy season.

Director Overboarding

Current Guideline(s)

Changes to or Clarification of Guideline(s)